Quick update on this previous AUDCHF short trade. We’re on Day 20 of the trade.
Price has still been heading south but after a couple of daily pin bars and a look at the 4 hour chart as well as some price action across the AUD in general I suspect this particular party is coming to a close. Anyway I’m trailing my stop as per my rules and today the stop is at 9006 locking in 508 pips or 6.6R which is a healthy return. Lets see if my TSL is hit in the next day or so.
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June 12, 2013
forex, FX Trading, FXTrader Paul, Trading, Trading Set-ups